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Passion Fruit Extract Market Trends

Report ID: GMI7518
Published Date: Nov 2023
Report Format: PDF

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Passion Fruit Extract Market Trends

Passion fruit extract is in high demand in the food and beverage industry because consumers are increasingly demanding authentic, fruit-derived tastes. This trend is fueled by a desire for unique, exotic fruit characteristics in various goods, as well as a preference for healthier, less processed choices. As a result, firms are focused on providing pure, devoid of artificial ingredients, and sustainably obtained passion fruit extract to suit the changing needs of health-conscious and eco-conscious customers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of passion fruit extract reached USD 585.8 million in 2022 and is set to cross USD 1.33 billion by the end of 2032, as consumers are increasingly seeking natural and fruit-derived ingredients.

Food and Beverages segment value was USD 365.3 million in 2022, as passion fruit extract has distinct and tropical taste profile, which gives a unique and refreshing twist to a broad range of goods, including juices, sweets, confectionary, and sauces.

Europe market was valued at USD 205 million in 2022, owing to the rising demand for unique and exotic flavors in food and drinks across the region.

Sensient Technologies Corporation, Kerry Group, Döhler GmbH, Givaudan, Symrise AG, Archer Daniels Midland Company, Kiril Mischeff, Nutrex Hawaii, iTi Tropicals, FutureCeuticals, Hainan Super Biotech Co., Ltd., Welch Foods Inc., Diana Food, The Perfect Purée of Napa Valley, and Agrana Beteiligungs-AG.